Market Overview

May Employment Report Comes Out In-Line With Estimates


The ADP on Wednesday released its employment report for the the month of May. U.S. nonfarm private sector employment increased by 201,000 last month; Estimates called for 200,000.

Private sector job growth had been dipping since January, but rebounded in May, up about 20 percent from April's 165,000.

Especially striking was the job growth within small businesses, which ADP tallied at 122,000. Meanwhile, mid-sized businesses added a net of 65,000 employees and large businesses added 13,000.

The industry that saw the most new workers was the service-providing sector, with 192,000 Americans finding jobs. Manufacturing was the only sector that decreased in employment, taking a net loss of 5,000 jobs.

Posted-In: News Econ #s


Related Articles (ADP)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

U.S. Dollar Index Little Changed

Bank of America Downgrades American Airlines Group To Neutral